The latest figures give Hyder a profit margin on 5.4%, down slightly on the previous year. However Hyder says it is making progress towards a goal of a 10% margin.
Hyder Consulting has reported a 15% rise in turnover to £230m while the group’s forward orderbook is up by almost a third at £310m.
During the past year Hyder made six acquisitions at a total cost of £31m.
Net debt rose by £3m, as a result of the spend on acquisitions and the increase in need for working capital, to stand at £11m.
The biggest increase in the orderbook was from international markets “especially the buoyant Middle East region”.
SOURCE: Contract Journal
